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*Ignore the $351,300 in the answer fields, they are wrong and I don't know how to change what screenshot I uploaded. Carlson Auto Dealers Inc.

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*Ignore the $351,300 in the answer fields, they are wrong and I don't know how to change what screenshot I uploaded.

Carlson Auto Dealers Inc. sells a handmade automobile as its only product. Each automobile is identical; however, they can be distinguished by their unique ID number. At the beginning of 2018, Carlson had three cars in inventory, as follows Car ID 203 207 210 Cost $57,000 57,000 60,000 During 2018, each of the three autos sold for $87,000. Additional purchases (listed in chronological order) and sales for the year were as follows Car ID 211 212 213 214 215 216 217 218 219 Selling Price Cost $57,000 57,000 58,500 60,000 63,000 64, 500 66,000 66,300 69,000 $ 87,000 90,000 not sold 93,000 97,500 not sold 102,000 103,500 not solod Required 1. Calculate 2018 ending inventory and cost of goods sold assuming the company uses the specific identification inventory method 2. Calculate ending inventory and cost of goods sold assuming FIFO and a periodic inventory system 3. Calculate ending inventory and cost of goods sold assuming LIFO and a periodic inventory system. 4. Calculate ending inventory and cost of goods sold assuming the average cost method and a periodic inventory system. Specific FIFO Periodic LIFO Periodic Method Periodic Average Cost Ending inventory Cost of goods sold Identification S 351,300 S 351,300

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